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Bluesky Digital Assets Corp. Announces the Closing of Its Non-Brokered Private Placement; Raises $805,750.00 CDN

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Toronto, Ontario–(Newsfile Corp. – December 4, 2020) – Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTC Pink: BTCWF) (“Bluesky” or the “Corporation”) announced today that it had closed the second and final tranche of its previously announced non-brokered private placement financing. In total the Corporation raised Eighty-Two Thousand, Two Hundred and Fifty Dollars (“$82,250.00”) CDN in the second tranche via the sale of Nine Hundred and Thirteen Thousand, Eight Hundred and Eighty-Eight (“913,888”) Units. With the closing of the second tranche, the Corporation in total raised Eight Hundred and Five Thousand, Seven Hundred and Fifty Dollars (“$805,750.00”) CDN via the sale of the Eight Million, Nine Hundred and Fifty-Two Thousand, Seven Hundred and Seventy-Eight (“8,952,778”) Units.

As previously stated in the Corporation’s November 24, 2020 press release, all Units were offered at a price of Nine Cents (“$0.09”) CDN per Unit. Each Unit consists of One Common Share (a “Share”) in the capital of the Corporation and one Common Share Purchase Warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase one additional Common Share of the Corporation at an exercise price of Fifteen Cents (“$0.15”) CDN per Common Share for a period of 36 months from the closing of the financing. All common shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. With the issuance of the 8,952,778 Units from this private placement, the Corporation now has 28,244,732 Common Shares issued and outstanding.

Proceeds from the financing will be used for purchasing of additional Digital Asset Mining Equipment, advancing the company’s DeFi Division and projects; (Bluesky DeFi) and further development of our AI product. We will have additional details in the coming weeks and months on all fronts.

“With Bitcoin recently hitting an all time of nearly US$20,000.00 and decentralized finance gaining momentum, we are extremely excited to close on this financing and expand on our digital currency initiative,” commented Ben Gelfand, CEO of Bluesky.

Bluesky is pleased to announce that ThreeD Capital Inc., a Canadian venture capital firm that invests in disruptive companies has subscribed for 2,500,000 units in the placement for gross proceeds of $225,000.00. In addition to participating in this private placement, Bluesky is pleased to announce that ThreeD Capital Inc CEO Sheldon Inwentash has agreed to act as a strategic advisor to Bluesky.

About Bluesky Digital Assets Corp.

Bluesky Digital Assets Corp. is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit www.blueskydigitalassets.com.

For further information please contact:

Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: [email protected]

Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: [email protected]

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

– 30 –

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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Blockchain

RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

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